2016 Q4 Form 10-Q Financial Statement

#000105147016000284 Filed on November 01, 2016

View on sec.gov

Income Statement

Concept 2016 Q4 2016 Q3 2015 Q4
Revenue $1.032B $992.0M $945.8M
YoY Change 9.15% 8.05% 2.16%
Cost Of Revenue $392.2M $109.2M $342.0M
YoY Change 14.68% 25.75% -3.61%
Gross Profit $640.2M $882.8M $603.8M
YoY Change 6.03% 6.2% 5.73%
Gross Profit Margin 62.01% 88.99% 63.84%
Selling, General & Admin $92.10M $89.94M $87.00M
YoY Change 5.86% 17.26% 24.11%
% of Gross Profit 14.39% 10.19% 14.41%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $274.3M $280.8M $269.6M
YoY Change 1.74% 7.34% 9.24%
% of Gross Profit 42.85% 31.81% 44.65%
Operating Expenses $366.0M $89.94M $356.6M
YoY Change 2.64% 17.26% 12.53%
Operating Profit $262.0M $244.3M $229.7M
YoY Change 14.06% 5.83% -6.32%
Interest Expense -$130.6M -$131.0M -$127.5M
YoY Change 2.43% 1.0% -10.21%
% of Operating Profit -49.84% -53.63% -55.5%
Other Income/Expense, Net -$2.700M -$832.0K -$1.600M
YoY Change 68.75% -31.47% -107.21%
Pretax Income $128.8M $103.4M $100.6M
YoY Change 28.03% 2.89% -19.84%
Income Tax $4.084M $5.041M -$42.08M
% Of Pretax Income 3.17% 4.87% -41.83%
Net Earnings $124.7M $98.37M $141.1M
YoY Change -11.59% -5.22% -4.73%
Net Earnings / Revenue 12.08% 9.92% 14.91%
Basic Earnings Per Share $0.35 $0.26 $0.39
Diluted Earnings Per Share $0.35 $0.26 $0.39
COMMON SHARES
Basic Shares Outstanding 338.9M shares 337.6M shares 333.8M shares
Diluted Shares Outstanding 338.4M shares

Balance Sheet

Concept 2016 Q4 2016 Q3 2015 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $568.0M $156.0M $179.0M
YoY Change 217.32% -15.22% 18.54%
Cash & Equivalents $568.0M $156.2M $178.8M
Short-Term Investments
Other Short-Term Assets $130.4M $133.2M $225.2M
YoY Change -42.12% -40.08% 88.77%
Inventory
Prepaid Expenses $128.7M $157.1M $133.2M
Receivables $373.5M $276.3M $313.3M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.325B $839.7M $981.2M
YoY Change 35.01% -18.03% -23.52%
LONG-TERM ASSETS
Property, Plant & Equipment $9.805B $9.714B $9.580B
YoY Change 2.35% 2.27% 6.65%
Goodwill $5.758B $5.750B $5.514B
YoY Change 4.43% 4.03% 6.1%
Intangibles $3.650B $3.737B $3.780B
YoY Change -3.44% -2.6% 2.67%
Long-Term Investments
YoY Change
Other Assets $819.6M $808.6M $775.8M
YoY Change 5.65% -2.04% -2.71%
Total Long-Term Assets $21.35B $21.33B $20.96B
YoY Change 1.88% 1.72% 5.52%
TOTAL ASSETS
Total Short-Term Assets $1.325B $839.7M $981.2M
Total Long-Term Assets $21.35B $21.33B $20.96B
Total Assets $22.68B $22.17B $21.94B
YoY Change 3.36% 0.8% 3.75%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $188.5M $148.9M $159.6M
YoY Change 18.1% -5.16% -1.7%
Accrued Expenses $318.0M $289.0M $267.0M
YoY Change 19.1% 15.14% 7.23%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $102.0M $101.0M $106.0M
YoY Change -3.77% -0.98% -6.19%
Total Short-Term Liabilities $961.4M $897.7M $855.4M
YoY Change 12.39% 8.88% -8.24%
LONG-TERM LIABILITIES
Long-Term Debt $12.07B $12.49B $12.04B
YoY Change 0.21% 3.76% 2.0%
Other Long-Term Liabilities $2.087B $2.029B $1.949B
YoY Change 7.11% 9.11% 16.94%
Total Long-Term Liabilities $2.087B $2.029B $1.949B
YoY Change 7.11% 9.11% 16.94%
TOTAL LIABILITIES
Total Short-Term Liabilities $961.4M $897.7M $855.4M
Total Long-Term Liabilities $2.087B $2.029B $1.949B
Total Liabilities $15.12B $15.42B $14.85B
YoY Change 1.82% 4.49% 3.07%
SHAREHOLDERS EQUITY
Retained Earnings -$3.714B -$3.159B -$2.458B
YoY Change 51.07% 37.83% -12.68%
Common Stock $3.605M $3.375M $3.338M
YoY Change 8.0% 1.08% -0.03%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $7.557B $6.754B $7.089B
YoY Change
Total Liabilities & Shareholders Equity $22.68B $22.17B $21.94B
YoY Change 3.36% 0.8% 3.75%

Cashflow Statement

Concept 2016 Q4 2016 Q3 2015 Q4
OPERATING ACTIVITIES
Net Income $124.7M $98.37M $141.1M
YoY Change -11.59% -5.22% -4.73%
Depreciation, Depletion And Amortization $274.3M $280.8M $269.6M
YoY Change 1.74% 7.34% 9.24%
Cash From Operating Activities $482.3M $386.5M $501.5M
YoY Change -3.83% 4.07% 5.82%
INVESTING ACTIVITIES
Capital Expenditures -$259.8M -$221.2M -$250.7M
YoY Change 3.63% -6.78% -3.39%
Acquisitions
YoY Change
Other Investing Activities -$29.70M -$41.50M -$20.50M
YoY Change 44.88% -95.9% -93.0%
Cash From Investing Activities -$289.6M -$262.6M -$271.1M
YoY Change 6.82% -78.98% -50.91%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 211.6M -169.4M -235.5M
YoY Change -189.85% -123.39% -1571.88%
NET CHANGE
Cash From Operating Activities 482.3M 386.5M 501.5M
Cash From Investing Activities -289.6M -262.6M -271.1M
Cash From Financing Activities 211.6M -169.4M -235.5M
Net Change In Cash 404.3M -45.50M -5.100M
YoY Change -8027.45% -70.44% -91.81%
FREE CASH FLOW
Cash From Operating Activities $482.3M $386.5M $501.5M
Capital Expenditures -$259.8M -$221.2M -$250.7M
Free Cash Flow $742.1M $607.7M $752.2M
YoY Change -1.34% -0.16% 2.56%

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